BRIGHTSTAR TECH (08446) Plans to Sell Entire Stake in Anxu Tech for HK$110 Million

Stock News

Oct 31, 2025

BRIGHTSTAR TECH (08446) announced on October 31, 2025, that the company (as the seller) intends to sell the entire issued share capital of Anxu Technology Limited to Syno Strategy Ltd (as the buyer) for a total consideration of HK$110 million. The target group primarily engages in providing IT consulting services, hotel booking and conference planning services in China, as well as offering one-stop technical consulting solutions and operating e-commerce platforms.

After reviewing the group's performance and strategic priorities, the board believes that terminating non-core operations—such as IT consulting, hotel booking, and conference planning in China—will streamline the business, reduce losses, and allow the reallocation of management and financial resources to strengthen and expand the group's core video display solutions business, which aligns with the company's best interests.

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